Catholic Memorial Home
- Assets
- $24.2m
- Revenue
- $22.9m
- Investments
- $0.0
- Employees
- 407
- Location
- Fall River, MA
- Founding
- 09/1941
- Data as of
- 12/2021
- EIN
- 04-2106393
Organization Overview
Catholic Memorial Home is located in Fall River, MA. The organization was established in 1941. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Catholic Memorial Home employed 407 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Memorial Home is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Catholic Memorial Home generated $22.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $22.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SKILLED NURSING AND REHABILITATIVE CARE FOR THE FRAIL AND THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NURSING AND/OR REHABILITATION SERVICES TO THE AGED AND INFIRM FOR 74,959 PATIENT DAYS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Crehen Nurse Manager, Rn | 40 | $132,551 | |
Lisa Cadime Administrator | 40 | $119,843 | |
Mary Pimentel Nurse Manager, Rn | 40 | $110,694 | |
Crystal Benevides Nurse Manager, Rn | 40 | $106,260 | |
Edgar M Da Cunha M + President & Treasurer | OfficerTrustee | 1 | $0 |
Gregory A Mathias M + Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Symbria Rehab Inc Therapy Services | 12/30/21 | $1,458,137 |
Diocesan Health Facilities Management Services | 12/30/21 | $579,619 |
Partners Of Ma Llc Pharmaceutical Services | 12/30/21 | $284,009 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,751 |
| Total Program Service Revenue | $21,912,719 |
| Investment income | $10,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,874,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,572,960 |
| Pension plan accruals and contributions | $430,028 |
| Other employee benefits | $1,258,728 |
| Payroll taxes | $930,705 |
| Fees for services: Management | $579,619 |
| Fees for services: Legal | $11,754 |
| Fees for services: Accounting | $51,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,410,771 |
| Advertising and promotion | $15,165 |
| Office expenses | $156,338 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $534,276 |
| Travel | $9,569 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,543 |
| Interest | $27,702 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $285,325 |
| Insurance | $218,216 |
| All other expenses | $144,267 |
| Total functional expenses | $22,144,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $9,614,231 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,533,573 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,240 |
| Prepaid expenses and deferred charges | $88,694 |
| Net Land, buildings, and equipment | $2,780,343 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,151,568 |
| Total assets | $24,207,149 |
| Accounts payable and accrued expenses | $2,722,501 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,067,073 |
| Total liabilities | $3,789,574 |
| Net assets without donor restrictions | $17,596,295 |
| Net assets with donor restrictions | $2,821,280 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,207,149 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Catholic Memorial Home has recieved totaling $43,798.
| Awarding Organization | Amount |
|---|---|
Freeman Borden Fbo Home For Aged People In Fall River Inc Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $43,798 |
Endowment Analysis
| Beg. Balance | $2,595,484 |
| Earnings | $225,796 |
| Ending Balance | $2,821,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cobble Hill Health Center Inc Brooklyn, NY | $104,850,612 | $51,888,626 |
Jewish Home Lifecare Sarah Neuman Center Westchester New York, NY | $40,158,579 | $47,212,238 |
United Home For Aged Hebrews New Rochelle, NY | $40,914,674 | $49,305,789 |
Carmel Richmond Nursing Home Inc Staten Island, NY | $55,443,617 | $48,780,538 |
New England Deaconess Association Concord, MA | $168,661,233 | $42,765,861 |
Ozanam Hall Of Queens Nursing Home Inc Bayside, NY | $72,263,682 | $46,054,461 |
Wesley Health Care Center Inc Saratoga Springs, NY | $29,960,994 | $37,958,192 |
St Johns Health Care Corporation Rochester, NY | $28,699,154 | $43,446,483 |
United Odd Fellow And Rebekah Home Bronx, NY | $62,645,372 | $41,096,050 |
Ferncliff Nursing Home Company Inc Rhinebeck, NY | $23,442,589 | $38,117,632 |
Jamaica Hospital Nursing Home Inc Jamaica, NY | $42,982,074 | $34,835,286 |
Kendal On Hudson Sleepy Hollow, NY | $201,830,109 | $36,128,421 |